LICCX | International Equity Fund Class C | Lord Abbett
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International Equity Fund

Summary

Summary

What is the International Equity Fund?

The Fund seeks to deliver long-term growth of capital by investing primarily in stocks of international companies.

Fund Basicsas of 03/31/2021

Total Net Assets
$376.18 M
Inception Date
12/31/2003
Dividend Frequency
Annually
Fund Gross Expense Ratio
1.96%
Fund Net Expense Ratio
1.92%
Number of Holdings
102
Minimum Initial Investment
$1,500+

Fund Expense Ratio :

Gross 1.96%

Net 1.92%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/2003
w/o sales charge 2.66% 52.58% 5.61% 7.78% 3.56% 4.57%
Lipper Category Avg. International Large-Cp Gro Fds 1.29% 51.94% 9.90% 11.26% 6.37% -
MSCI ACWI ex USA Index (Net) 3.49% 49.41% 6.51% 9.76% 4.93% 6.54%
w/ sales charge 1.66% 52.58% 5.61% 7.78% 3.56% 4.57%

Fund Expense Ratio :

Gross 1.96%

Net 1.92%

Fund Expense Ratio :

Gross 1.96%

Net 1.92%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/2003
w/o sales charge 2.66% 52.58% 5.61% 7.78% 3.56% 4.57%
Lipper Category Avg. International Large-Cp Gro Fds 1.29% 51.94% 9.90% 11.26% 6.37% -
MSCI ACWI ex USA Index (Net) 3.49% 49.41% 6.51% 9.76% 4.93% 6.54%
w/ sales charge 1.66% 52.58% 5.61% 7.78% 3.56% 4.57%

Fund Expense Ratio :

Gross 1.96%

Net 1.92%

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Countryas of 03/31/2021View Portfolio

Country Assets
Japan 14.7%
France 14.4%
United Kingdom 6.6%
Germany 6.6%
Switzerland 6.5%
China 5.6%
Spain 4.3%
Canada 4.2%
Taiwan 4.1%
Netherlands 4.1%
Denmark 3.9%
Hong Kong 3.6%
Australia 3.2%
Sweden 3.1%
Republic of Korea 2.5%
Ireland 1.6%
India 1.5%
Cash 1.5%
Mexico 1.2%
Norway 1.1%
Cayman Islands 1.1%
Indonesia 0.9%
United States 0.9%
Austria 0.8%
Italy 0.7%
Brazil 0.6%
Singapore 0.6%
Region Weighting Fund Change from Previous Quarter
Europe ex-U.K. arrowUp3.4%
Asia/Pacific arrowDown2.1%
Japan arrowDown0.7%
Americas arrowUp0.1%
United Kingdom arrowDown0.4%
Cash arrowDown0.3%

INVESTMENT TEAM

Matthias A. Knerr
Matthias A. Knerr, CFA

Portfolio Manager

25 Years of Industry Experience

Sue Kim
Sue Kim

Director of Global & Emerging Market Equities

20 Years of Industry Experience

Todd D. Jacobson
Todd D. Jacobson, CFA

Partner & Portfolio Manager

32 Years of Industry Experience

Supported By 30 Investment Professionals with 19 Years Avg. Industry Experience

YOUR REPRESENTATIVE

To contact your representative, enter your zip code and select your channel below.

Performance

Performance

Fund Expense Ratio :

Gross 1.96%

Net 1.92%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/2003
w/o sales charge 2.66% 52.58% 5.61% 7.78% 3.56% 4.57%
Lipper Category Avg. International Large-Cp Gro Fds 1.29% 51.94% 9.90% 11.26% 6.37% -
MSCI ACWI ex USA Index (Net) 3.49% 49.41% 6.51% 9.76% 4.93% 6.54%
w/ sales charge 1.66% 52.58% 5.61% 7.78% 3.56% 4.57%

Fund Expense Ratio :

Gross 1.96%

Net 1.92%

Fund Expense Ratio :

Gross 1.96%

Net 1.92%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/2003
w/o sales charge 2.66% 52.58% 5.61% 7.78% 3.56% 4.57%
Lipper Category Avg. International Large-Cp Gro Fds 1.29% 51.94% 9.90% 11.26% 6.37% -
MSCI ACWI ex USA Index (Net) 3.49% 49.41% 6.51% 9.76% 4.93% 6.54%
w/ sales charge 1.66% 52.58% 5.61% 7.78% 3.56% 4.57%

Fund Expense Ratio :

Gross 1.96%

Net 1.92%

Year Fund Returns MSCI ACWI ex USA Index (Net)
2020 15.96% 10.65%
2019 20.53% 21.51%
2018 -18.88% -14.20%
2017 24.17% 27.19%
2016 -2.56% 4.50%
2015 -3.38% -5.66%
2014 -10.07% -3.87%
2013 21.59% 15.29%
2012 13.92% 16.83%
2011 -12.72% -13.71%
2010 5.76% -
2009 32.32% -
2008 -43.00% -
2007 12.93% -
2006 22.85% -
2005 16.46% -
2004 13.40% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2021 2.66% - - - 6.08%
2020 -21.98% 17.84% 7.73% 17.08% 15.96%
2019 9.39% 4.25% -2.69% 8.62% 20.53%
2018 -1.20% -5.35% 0.15% -13.38% -18.88%
2017 5.54% 5.16% 7.17% 4.39% 24.17%
2016 -3.16% -3.00% 6.81% -2.88% -2.56%
2015 3.59% -0.46% -9.14% 3.12% -3.38%
2014 -2.07% 3.73% -6.27% -5.54% -10.07%
2013 3.78% -0.66% 10.49% 6.74% 21.59%
2012 11.06% -7.97% 6.02% 5.13% 13.92%
2011 4.30% 1.51% -20.17% 3.26% -12.72%
2010 -0.09% -15.10% 17.99% 5.67% 5.76%
2009 -13.82% 28.21% 20.54% -0.65% 32.32%
2008 -10.12% -1.95% -20.75% -18.39% -43.00%
2007 3.31% 8.02% 2.97% -1.73% 12.93%
2006 9.05% -2.67% 4.34% 10.94% 22.85%
2005 0.17% 0.09% 8.75% 6.81% 16.46%
2004 0.99% -1.17% -0.89% 14.64% 13.40%

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Countryas of 03/31/2021

Country Assets
Japan 14.7%
France 14.4%
United Kingdom 6.6%
Germany 6.6%
Switzerland 6.5%
China 5.6%
Spain 4.3%
Canada 4.2%
Taiwan 4.1%
Netherlands 4.1%
Denmark 3.9%
Hong Kong 3.6%
Australia 3.2%
Sweden 3.1%
Republic of Korea 2.5%
Ireland 1.6%
India 1.5%
Cash 1.5%
Mexico 1.2%
Norway 1.1%
Cayman Islands 1.1%
Indonesia 0.9%
United States 0.9%
Austria 0.8%
Italy 0.7%
Brazil 0.6%
Singapore 0.6%
Region Weighting Fund Change from Previous Quarter
Europe ex-U.K. arrowUp3.4%
Asia/Pacific arrowDown2.1%
Japan arrowDown0.7%
Americas arrowUp0.1%
United Kingdom arrowDown0.4%
Cash arrowDown0.3%

Portfolio Positioningas of 12/31/2020

  • Across the industrials and information technology sectors, we have been identifying companies involved with industrial automation. We believe that in the post-COVID-19 environment, companies providing robotics, smart automated solutions and software which increase safety and throughput, and reduce errors will allow manufacturers to improve profitability by significantly reducing headcount on the factory floor.
  • We have been adding to the Fund’s active weight in the consumer discretionary sector. Specifically, within the automotive industry, we are constructive on auto production improvements in 2021 after a dismal year for autos in 2020. Most notably, we are constructive on the future of electric vehicles and are adding exposure to auto parts companies which should benefit from this shift away from traditional combustion engine vehicles.
  • The reductions in the health care and information technology sectors were made predominantly to trim some of the winners we had in the Fund and to use the proceeds to fund 2021 post-vaccine winners.
  • Additional key risks include the potential for increased regulation and taxes under the new U.S. presidential administration and the potential for rising interest rates.

Portfolio Details as of 03/31/2021

Weighted Average Market Cap.
121.7 B
P/E Ratio
25.6x
P/B Ratio
2.4x
Number of Holdings
102
Total Net Assets
$376.18 M

Contributors & Detractors as of  03/31/2021

Contributors

Holding Contribution
Volkswagen AG 0.7%
ASML Holding NV 0.4%
Taiwan Semiconductor 0.2%
Tencent Holdings Ltd 0.2%
MediaTek Inc 0.2%

Detractors

Holding Contribution
Keyence Corp -0.3%
Genmab As -0.2%
Vestas Wind Systems -0.2%
Hoya Corp -0.2%
Lonza Group AG -0.2%

Attribution Analysis 

International Equity Fund Benchmark Variance
Sector Avg. Weight Base Return Avg. Weight Base Return Stock Selection Group Weight Total

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

Dividend Payments

For
YTD Dividends Paidas of 04/21/2021
$0
Dividend Frequency
Annually
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
12/17/2020 12/18/2020 12/18/2020 $0.03830 $15.54

Upcoming Dividend Payment Dates

This section lists all anticipated income and Capital Gain distribution dates and any actual distributions are subject to adequacy of earnings and must be approved by the Board of Directors/Trustees. Please note that dates are subject to change.

Record Date Ex-Dividend Date Reinvest & Payable Date
12/16/2021 12/17/2021 12/17/2021

Capital Gains Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
12/17/2007 12/18/2007 $0.1644 $1.3663 $1.5307 $14.93

Upcoming Capital Gain Distribution

This section lists all anticipated income and Capital Gain distribution dates and any actual distributions are subject to adequacy of earnings and must be approved by the Board of Directors/Trustees. Please note that dates are subject to change.

Record Date Ex-Dividend Date
12/16/2021 12/17/2021

Fees & Expenses

Fees & Expenses

Expense Ratioas of 03/31/2021

Fund Gross Expense Ratio Fund Net Expense Ratio
1.96% 1.92%

Fund Documents

Fund Documents

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Portfolio Holdings 1Q
Publish Date:11/03/2015
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Statutory Prospectus
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Prospectus (XBRL)
Publish Date:11/03/2015
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Annual Report
Publish Date:11/03/2015
Semi-Annual Report
Publish Date:11/03/2015
Fact Sheet
Publish Date:11/03/2015
Commentary
Publish Date:11/03/2015

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